The UK government’s announcement of a renewables price cap remains short on detail. Drax remains a key strategic element in the GB power system and should have a strong bargaining case. We continue to see the potential switch from the Renewables Obligation to the greater price certainty of a Contract for Difference as a possible win-win outcome but the introduction of the cap suggests that strike price negotiations with the wider industry have proved difficult. The recognition of the need for di ....
